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Robert F. Kennedy vows to end of ‘White House war on Bitcoin’ if elected

Robert F. Kennedy vows to end of ‘White House war on Bitcoin’ if elected

Democrat presidential candidate Robert F. Kennedy Jr., who has gained prominence in the cryptocurrency sector thanks to his support for the industry and criticism of central bank digital currencies (CBDCs), has recently pledged to end the White House ‘war’ on Bitcoin (BTC), should he become the next president of the United States.

Indeed, the 69-year-old environmental lawyer and presidential nominee has promised to ease the government’s policies on cryptocurrencies like Bitcoin, as well as to treat it more as a currency than a commodity, during his potential White House gig, as he told Bitcoin Magazine’s Mark Godwin in an interview published on October 4.

“I’m gonna make sure that Bitcoin is protected, that people can keep their own wallets, that the current White House war on Bitcoin will be over, that transactions will be protected and encouraged, and ultimately, treating it as a currency rather than a commodity, particularly for smaller Bitcoin owners and transactions.”

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Furthermore, as he explained, he did not want to offer a “windfall for billionaires who accumulated Bitcoin, but I think smaller actors and transactions should be able to change the currency in the same way as when you go to Canada, and you use the Canadian dollar, you want to be able to come to the United States, and if there’s an appreciation of the Canadian dollar, you shouldn’t pay for it.”

As a reminder, Kennedy has long criticized CBDCs, such as the United States Federal Reserve project ‘FedNow,’ which officially went live on July 20, 2023, as potentially leading to “financial slavery and political tyranny,” allowing the government to surveil all private financial affairs, limiting where individuals can send money, and where they can spend it.

On top of that, he has vowed to safeguard the right to hold Bitcoin, equating it to civil liberties, and has been one of the few presidential candidates to accept donations in the maiden crypto asset, in a tiny club that also includes Kennedy’s Republican counterpart, Vivek Ramaswamy, as Finbold reported in late May.

Meanwhile, the flagship decentralized finance (DeFi) asset was at press time changing hands at the price of $27,730, which represents an increase of 0.5% in the last 24 hours, in addition to gaining 4.88% across the previous seven days and increasing 7.63% on its monthly chart, according to the latest information on October 5.

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